Detailed Single Year Tables

Description of Proposed Provision:
B1.6 (2025): Progressive price indexing (30th percentile) of PIA factors beginning with individuals newly eligible for OASI benefits in 2025: Create a new bend point at the 30th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 30th percentile and below. Reduce the 32 and 15 percent factors above the 30th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

&nbsp

Financial Estimates for the OASDI Trust Fund Program

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

&nbsp

Expressed as a percentage of present-law taxable payroll

Trust fund ratio as of January 1

Expressed as a percentage ofpresent-law taxable payroll

Calendaryear

Costrate

Incomerate

Annualbalance

Costrate

Incomerate

Annualbalance

2016

14.05

12.94

-1.10

303

0.00

0.00

0.00

2017

13.72

12.92

-0.80

293

0.00

0.00

0.00

2018

13.86

12.96

-0.90

277

0.00

0.00

0.00

2019

13.99

12.97

-1.02

262

0.00

0.00

0.00

2020

14.13

12.98

-1.15

246

0.00

0.00

0.00

2021

14.27

13.00

-1.27

231

0.00

0.00

0.00

2022

14.49

13.03

-1.46

216

0.00

0.00

0.00

2023

14.76

13.06

-1.70

200

0.00

0.00

0.00

2024

15.02

13.09

-1.93

183

0.00

0.00

0.00

2025

15.28

13.11

-2.17

165

0.00

0.00

0.00

2026

15.47

13.13

-2.34

149

0.00

0.00

0.00

2027

15.64

13.14

-2.50

132

-0.01

0.00

0.01

2028

15.80

13.16

-2.65

115

-0.01

0.00

0.01

2029

15.95

13.17

-2.78

98

-0.02

0.00

0.02

2030

16.07

13.18

-2.90

81

-0.03

0.00

0.03

2031

16.18

13.19

-2.99

64

-0.04

0.00

0.04

2032

16.26

13.20

-3.07

46

-0.06

0.00

0.06

2033

16.32

13.20

-3.12

28

-0.09

0.00

0.08

2034

16.35

13.21

-3.14

10

-0.12

-0.01

0.11

2035

16.35

13.21

-3.14

----

-0.15

-0.01

0.14

2036

16.37

13.21

-3.16

----

-0.18

-0.01

0.17

2037

16.38

13.21

-3.16

----

-0.22

-0.01

0.21

2038

16.35

13.21

-3.13

----

-0.27

-0.01

0.25

2039

16.30

13.21

-3.08

----

-0.31

-0.02

0.29

2040

16.23

13.21

-3.02

----

-0.36

-0.02

0.34

2041

16.15

13.21

-2.94

----

-0.41

-0.02

0.39

2042

16.07

13.21

-2.86

----

-0.46

-0.03

0.44

2043

15.98

13.20

-2.78

----

-0.52

-0.03

0.49

2044

15.89

13.20

-2.69

----

-0.58

-0.03

0.55

2045

15.81

13.19

-2.61

----

-0.64

-0.04

0.61

2046

15.72

13.19

-2.53

----

-0.71

-0.04

0.67

2047

15.63

13.19

-2.44

----

-0.77

-0.04

0.73

2048

15.54

13.18

-2.36

----

-0.84

-0.05

0.79

2049

15.46

13.18

-2.28

----

-0.91

-0.05

0.86

2050

15.37

13.18

-2.20

----

-0.98

-0.06

0.93

2051

15.30

13.17

-2.13

----

-1.06

-0.06

1.00

2052

15.24

13.17

-2.07

----

-1.13

-0.06

1.07

2053

15.18

13.17

-2.01

----

-1.21

-0.07

1.14

2054

15.13

13.17

-1.96

----

-1.29

-0.07

1.22

2055

15.09

13.16

-1.92

----

-1.38

-0.08

1.30

2056

15.05

13.16

-1.89

----

-1.46

-0.08

1.38

2057

15.01

13.16

-1.85

----

-1.54

-0.09

1.45

2058

14.98

13.16

-1.82

----

-1.63

-0.09

1.53

2059

14.95

13.16

-1.79

----

-1.71

-0.10

1.61

2060

14.91

13.16

-1.76

----

-1.79

-0.10

1.69

2061

14.88

13.16

-1.73

----

-1.87

-0.11

1.77

2062

14.85

13.16

-1.70

----

-1.95

-0.11

1.84

2063

14.82

13.16

-1.67

----

-2.03

-0.12

1.92

2064

14.79

13.15

-1.64

----

-2.11

-0.12

1.99

2065

14.76

13.15

-1.61

----

-2.19

-0.13

2.07

2066

14.74

13.15

-1.59

----

-2.27

-0.13

2.14

2067

14.71

13.15

-1.56

----

-2.35

-0.13

2.21

2068

14.69

13.15

-1.54

----

-2.42

-0.14

2.29

2069

14.66

13.15

-1.51

----

-2.50

-0.14

2.36

2070

14.64

13.15

-1.49

----

-2.58

-0.15

2.43

2071

14.61

13.15

-1.46

----

-2.65

-0.15

2.50

2072

14.58

13.15

-1.43

----

-2.73

-0.16

2.57

2073

14.54

13.14

-1.40

----

-2.80

-0.16

2.64

2074

14.50

13.14

-1.36

----

-2.87

-0.17

2.70

2075

14.45

13.14

-1.31

----

-2.94

-0.17

2.77

2076

14.40

13.14

-1.26

----

-3.00

-0.17

2.83

2077

14.35

13.14

-1.21

----

-3.06

-0.18

2.89

2078

14.29

13.13

-1.15

----

-3.12

-0.18

2.94

2079

14.22

13.13

-1.10

----

-3.18

-0.18

3.00

2080

14.16

13.12

-1.04

----

-3.24

-0.19

3.05

2081

14.11

13.12

-0.99

----

-3.29

-0.19

3.10

2082

14.05

13.12

-0.94

----

-3.35

-0.19

3.16

2083

14.01

13.12

-0.89

----

-3.41

-0.20

3.21

2084

13.97

13.11

-0.86

----

-3.47

-0.20

3.27

2085

13.94

13.11

-0.82

----

-3.53

-0.20

3.33

2086

13.91

13.11

-0.80

----

-3.60

-0.21

3.39

2087

13.88

13.11

-0.77

----

-3.66

-0.21

3.45

2088

13.86

13.11

-0.75

----

-3.73

-0.22

3.51

2089

13.84

13.11

-0.73

----

-3.79

-0.22

3.57

2090

13.82

13.11

-0.71

----

-3.86

-0.22

3.63

2091

13.80

13.10

-0.70

----

-3.92

-0.23

3.69

&nbsp

Summarized Estimates

&nbsp

&nbsp

Proposal

&nbsp

Change from Present Law

Years

Costrate

Incomerate

Actuarialbalance

Year of reserve depletion1

Costrate

Incomerate

Actuarialbalance

Based on Intermediate Assumptions of the 2016 Trustees Report.

2016-2090

15.24%

13.77%

-1.46%

2034

-1.27%

-0.07%

1.19%

&nbsp

1 Under present law, the year of Trust
Fund reserve depletion is 2034.